Lenkie, a London-based cashflow management platform founded in 2021, has raised £49 million in a Series A funding round to enhance transaction-based financing for SMEs. The funding, consisting of £4 million in equity and £45 million in debt, aims to simplify access to capital and address the complexities of traditional lending. The co-founders, Sanjeev Jeyakumar and Nnaemeka Obodoekwe, emphasize leveraging real-time data to support small businesses, ultimately unlocking their growth potential and improving their borrowing experience.
The challenge wasn't a lack of growth opportunities, it was a broken borrowing experience. By removing friction and making access to capital effortless, we could unlock immense potential and help entrepreneurs realise their ambitions.
At the heart of our business is the need to invest in stock, reach new customers, and improve supplier relationships. Lenkie's credit facility has been critical in enabling us to achieve all three.
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